Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, December 10, 1857, Image 2
Straps & Jfaxts.
c * ... , ,
Sewannee, in Tennessee, is the chosen
?ite of the Southern Episcopal University.
The widow of Commander Herndon
has just received from the agency of the New
England Mutual Life Insurance Company, of
Boston, five thousand dollars on a policy
signed only a year since.
The Columbia Times, of the 4th instant,
says that "a member of our Legislature
who is now in our city, received a letter
yesterday from Senator Hammond, wherein
he expresses his grateful ackonwledgments
for the high honor recently conferred upon
him, by his election to the United States
Senate. He also intimates that as his election
was by him so unexpected, he will not
be able to leave his home, where his private
affairs demand his attention, until the middle
of January next, when he goes to Washington
City."
Some inquiry having been made by
business men here, as to the probable number
of hogs for the Southern markets, which
would pass through the upper part of North I
Carolina this season, Mr. J. B. Swayer, of
Asheville, N. C.,in a letter addressed to this
office, has furnished the desired information.
He says that so far, from 25 to 30,000 head
of hogs have passed through the toll-gate ten
miles south of the Tennessee line, and that
SO to. 40,000 bond in addition Trill pass
through during the balance of the season.
The supply is principally from Tennessee,
though some from Kentucky are on the
way.?Col it mbia Tim ex.
Governor Winston, of Alabama, in his
message to the Legislature, states that the
greater portion of an enormous debt has been
liquidated; advocates a repeal, or at least a
modification, of the usury law; opposes the
legalization of lotteries; urges the suppression
of lynch law; endorses the proposition
to exempt slaves from sale under execution,
to a limited extent; acknowledges the unsoundness
of a general system of banking,
conceives it to be the duty of the Legislature
to require a resumption of specie payment's
by the banks at an early period?not later
than May, 1858; and urges the necessity of
prohibiting the issue by banks of the State,
of bills of a less denomination than five dollars.
In addition to the vast advantage to
our country of the Chinese Sugar Cane as a
source of supply for excellent syrup at very
little cost, it has been our decided opinion,
that an advantage of almost equal importance
to the South will be derived from the
seed, as an abundant, nutritive, and every
way excellent food. Whether for horses,
cattle, hogs, or poultry?what can be better?
And then the ease with which it can be produced?two
or three fold the quantity that
can be raised of corn or oats upon the same
ground?and this after taking the stocks for
tho manufacture of syrup ! With a design
doubtless, to spoil this beautiful theory, some
wiseacre reported in the Western papers?out
near the <<sugarlands"ofLouisianaandTexas
?that the seed of the Chinese can# is poisonous,
and that its use would be destructive to
stock ! We wholly discredited the report at
the time. Since that we have tested its beneficial
effects upon poultry. In a vast
many places, North and South, similar results
have followed when fed to cattle and
horses, they at once delighting in it, and fattening
upon it. And now we have the full
refutation of the said slanderous report in
Tio plipmipnl prnpriinpnts nfPrnf. .Tnplrsnn.
v"" w~?r ? j
of Boston, who declare! it wholly destitute of
poisonous qualities. We trust, therefore,
that our agricultural population will prepare
to plant it large the coming spring.?
No other way that they can plant will so
richly remunerate their toil.
Carolina Spar km
An important bill is now before the
Alabama Legislature, (introduced by Mr.
Jones, of Mobile,) which?or one substantially
like it?the Montgomery Mail says,
will doubtless pass during the present session.
The bill provides : 1st. That no bank
located out of the State shall do any banking
business whatever, either by agents or otherwise
in Alabama. 2d. That no person shall
act as agent of any such bank, and that all
persons borrowing notes of credit for such a
bank, and using them in the State, shall be
deemed agents of the bank. 3. That any
such agent shall be deemed a guarantor for
the payment of any and all notes of such
bank or company, which may at any time
come to the possession of any citizen of the
State, and that the amount may be recovered
in the proper courts. 4th. That every
agent, contrary to the provisions of this act,
shall be deemed guilty of misdemeanor, subject
to the penalty of not less than two thousand
dollars, together with a fee of three
hundred dollars to the State Solicitor, to be
paid by the person convicted. 5th. That the
Judges of the Criminal Court, shall make
this act a subject of special charge to the
Grand Juries, whose special duty it shall be
to present all violations. 6th. That every
note, bill, or other contract, contrary to the
provisions of this act, shall be null and void;
and, 7th. That all previous legislation in
conflict with this act be repealed.
The Russian line-of-battle ship Leforte,
which lately capsized in broad noonday,
in the Bay of Finlad, when closely surrounded
by numerous vessels of the fleet on
*-?. v. n iii i ;
their way frem JLievei to urcnstaat, nas since
been examined by English divers at the order
of the Russian Government. It will
probably be still in the recollection of our
readers that the vessel had, in addition to
about 800 troops and crew, full 400 passengers
on board, chiefly women and children,
who, with quantities of bulky house furniture,
occupied the whole 'tween decks. Out
of consideration for these unwonted passengers,
the port-holes of the man-of-war had
been left open, and when a sudden squall
came on could not be closed in time; and so
when the wind took her, the vessel keeled
over, filled, and at once capsized. Such persons
as were on deck at the time were of
course at once washed away, but the divers
found no less than 1,100 corpses in the
cabin, 'tween decks and in the hold of the
vessel, and clinging to some portion of the
timbers of the ship, or to each other. The
horror of this fearful sight appears to have
been aggravated by the circumstance that
the bodies were already far gone in decomposition,
and, with few exceptions, the eyes of
all the corpses were wide open and glaring.
The effect of this, dreadful spectacle on the
divers was such, that one of them was totally
unable for many days te recount the
ghastly scenes he had witnessed down in that
hive of putrefying corpses, and on his presistent
refusal to repeat his visit there, was
ent home. .
CljcjJorlibtlif6n()utttr
edited by
I JOHN L.MILLER JOSEPH H. 3LACK.
YORKVILLE, S. C.
j THURSDAY MORNING, DECEMBER 10, 1857.
DIVINE SERVICE.
We have been requested to state that the lit.
! Rev. Bishop Davis will preach at the Episcopal
. Church in this place on Sunday next. 13th instant.
ACKNOWLEDGEMENTS.
We return our thanks to Hon. 11. G. McCaw,
! our Senator, to William C. Black and Euward
j Moore, Esq's., for valuable Legislative docui
ments.
SALES-DAY.
On Monday, our streets were quite ulive with
our country friends. The day was sunny and
iimio rolm Iinil no business to attend
| to came to see anil be seen. But little property
I was sold. Sales like the banks, have generally
" suspended."
HOGS.
j Some three or four droves have passed through
j our town. But few sales have been made. The
I price asked has been 7 cents, but we understand
I that it is selling much lower in Chester, and it is
probable that it will yet fall as low as six cents.
SOMETHING PINE.
Messrs. Weikert & McCants have just finished
a hue Crane-Neck Coachee, which is the most superb
piece of workmanship ever put up in Yorkville.
It was ordered by J. II. Walker of Chester.
Miles Joiisox has also finished a complete
set of harness to match. Call and see it.
.. - ?#???
LEBANON COUNCIL, NO. 8, R. 6c, S. M.
At a meeting of Lebanon Council, No. 8, Royal
and Select Masters, on Tuesday evening last,
the following persons were elected officers for the
ensuing year:
Dr. J. R. BRATTON, T.\ 7.\ G.\ .V.\
JAMES L. CLARK, />. 77.-. T.%
S. J. KUYKENDAL, TV. C.\ M'.\
J. ED. JEFFERYS, C. of G.
DANIEL O'LEARY, Recorder.
JAMES F1NLEY, Treasurer.
W. CREPS, Guardian.
MACKEY CHAPTER, NO. 15, R. A. M.
The following persons have been elected officers
of Macket Chapter, No. 15, Royal Arch Masons,
for the eusuiug year:
Dr. J. R. BRATTON, J/.-. E.-. II.-. P.-.
JAMES L. CLARK, E.-. A'.-.
LEWIS M. GRIST, E.\ S.-.
S. J. KUYKENDAL, C. of the II.
J. ED. JEFEERYS, P. S.
RICHARD HARE, R. A. C.
0. T. CRAXFORD, G. M. 3d \'.
ABSALOM CODY, G. 31. 2d. V.
WESLEY CREPS, G. M. 1*.
DANIEL O'LEARY, Secrctanj.
JAMES FINLEY, Treasurer.
JAMES S. LEWIS, Sentinel.
COMPLIMENTARY.
The editor of the Patriot appears to appreciate
the good dinners of the Governor. He thus discusses
the hospitality as well as the guests met
with at a dinner party :
"His Excellency Governor Allstonis sustaining
handsomely the hospitality of his office, and every
day has a party of friends to dine with him. I
had the honor of being one of his guests yesterday,
in compnny with Col. rickens, the Democratic
candidate for the United States Senate, Col.
Isaac Hayne, the Attorney General, Mr. Petigru,
one of the most talented and promising members
of the Charleston Delegation, Captain Cunningbam,
of Laurens, my old and much valued friend,
Col. Watts, the private Secretary, Col. Allston,
son of his Excellency, and formerly a gallant officer
of the American Army, and Senator McCaw,
of York District, one oi the most amiable ami 1
clever gentlemen with whom it has been my good
fortune to meet in the Legislature; Col. Marshall,
the Senator from Abbeville, and a distinguished
officer of the Palmetto Regiment, was also one of
the guests. I need not say that the party was a
most joyous, sociable and interesting one. After
sitting three hours at the table, we adjourned to
our respective duties.
"THE GREAT INVENTOR."
We neglected last week to acknowledge the reception
of this humorous piece from the pen of
1?i ?i \r?a \r \v
uur VitlUCU v,uiunuuiui, a?h\o. i*a. ?? . wiw.inu.i.
Ladies generally are somewhat partial to "Renowned
Inventors" and we would dread a rival's
goatees" much mote than his noble brow and
dauntless eye. It has been pithily said of Sir
Mvstaciiio, that his "lip was in mourning for the
loss of brains," but all the shafts of ridicule are
powerless, and "mourning" was never more fashionable
jthau at the present time. Young ladies
find it a very convenient object upon which to
lavish their first love instead of wasting its sweet- j
ness on the "desert air." Fast young men are of
course indifferent as to what means they employ
to inspire tende" emotions. So begins a fashion
which generally ends in an elopement or a heartbreak
when the young lady?the Beautiful Unfortunate?"hangs
up de fiddle and de bow" though
"Lovers around her are sighing."
CHRISTMAS.
Who does not look anxiously forward to this
season of rejoicing, of forgctfulness anu joy? It
is a farewell carnival to the dying year. Its distinct
religious character is lost, and it is merged
into a gay festival, when every one feels privileged
to act without restraint, and to forget almost that
he is a human being. The year has walked its
splendid round. The flowers of Spring have
bloomed and faded, and though we sighed over
the odorless rose and the drooping violet, we
turned with pleasure to welcome the maturing
power of Summer, and the eye was gladdened by
the green waving corn and the billowy wheat.?
Though the suu seut down its melting beams from
a sultry sky, yet in the green, shady, dells, where
the cbrystal fountains gushed, Nature had formed
her ample bowers and spread her sheltering pavilion
of trees and vines. Here it was delicious
to repose when the heat became oppressive, and
quaff the gelid and revivifying wave, the sweet
ir!ft nf the crnnfl God. Then Autumn came with
b"* o
its sober livery, its waning lustre, its ripened
fruit, its plenteous harvests and its "melancholy
days?the saddest of the year And now it is
winter. The rolling year will soon pass away and
another cycle will begin its round. The harvests
are gathered, the "fatted calf has been killed, an
endless variety of viands rare, sausages, spareribs,
back-bones and the entire category of the
too-good-to-be-mentionables, load the festive
board. Why should we not rejoice ? Where is
j the cold-hearted stoic who would strive to sup!
press innocent merriment and gladness ?
But unfortunately, innocent pleasures are often
overlooked for the cursed intoxication of the bowl.
Men whose usual walk has been oiderly and temperate,
too often forget the dignity of man, and
like a wild Bacchante, swollen and insolent with
win*, commit acts which would shame their sober
moments. While we would do all in our power to
promote innocent recreations and innocent pleasures?while
we are willing even to admit of boisterous
mirth and extravagant glee on this occasion,
we must deplore the went of firmness which
leads men to forget their vows, their dignified and
responsible positions, and to participate in drunken
revelries and beastly pleasures.
And what, let us ask is the best preventitive to
these unseemly out-breaks ? If we mistake not,
it is the encouragement of legitimate and innooent
amusements. It is the misfortune of onr quiet
*
* " I
little town, that wc have no organized and systc- I
mntic pastimes. A party of any kind is an un- j
looked-for wonder?arara avis. There is too little
sociability, too little friendship and as a consequence,
to little amenity and urbanity of nnnners.
This state of things is to be regretted, as an immediate
consequence is that all the uncongenial
qualities, of our nature arc left to flourish unrestrained.
Our young men are thrown too little
under the purifying and elevating influence of
woman, and seek iu less commendable resources,
amusement and relaxation from the cares and
toils of business. These suggestions must strike
every one as pertinent, and having designated the
evil and the antidote wc have done our duty.
MERE-MENTION*.
The Augusta Constitutionalist states upon the
authority of a member of his family, that Judge
Longstrect will accept the Presidency of the South
Carolina College, to which he was elected a short
time ago. The New Orleans True De'ta has
relinble advices relative to the Sugar crop in
Louisiana. The damage to the cane throughout
the State is much greater than was antic pated,
and some plantations will not yield one third of
I n" ornn The Lehitrh Valley (Ta.)
U.? U.V. ?..T. ? ....
Timn has raised to its mast bead, ns its choice for
the next Presidency, the name of S. F. B. Morse,
of New York, the magnetic telegraph inventor.
Mrs. Laodrum, the wife of Rev. J. G.
Lacdrcm, Pastor of the Baptist Church of Spartanburg,
died on Sunday of last week. The
Government estimates for the next fiscal year
amount to fifty and one-third millions of dollars,
including thirteen and a half millions for the Navy,
fourteen for the Army, and three and a half millions
for Postal deficiency. We omitted to
mention last week, that Woody T. Carter, condemned
to death for the murder of James Gibson,
was executed at Chester, on Friday week. The
Standard says there was an unusually large crowd
gathered to witness the scene, and that even "a
few of the fair sex" suffered their curiosity to
overrule the dictates of propriety. The prisoner
manifested great composure, and declared that he
had obtained Divine pardon for his offence. He
stated that liquor was the cause of his evil fate.
Daniel Stimson, editor of the New York
Day Book, died very suddenly on the 30th ultimo*
Mr. Tieman has been elected Mayor of the.
city of New York by a majority of about two
thousand votes over Fernando Wood. The
Spartanburg papers announce the decease of Solomon
Abbott, a revolutionary soldier, at the age
of one hundred years and eight months. He was ,
a native of Virginia, but removed to this State in 1
his vouth. and settled within a few miles of the
place where lie died. He was engaged in military
service against the Indians, and was on a scout,
when the battle of Cowpens was fought. A
resolution is before the Tennessee Legishture,
pledging the co-operation of the State with the
Executive of the United States in suppressing the
civil war existing in the Territory of Utah.
The Chinese affirm that chess was known to
them 200 years before tin. Christian era. It was
brought in the sixth century from India to Persia,
whence it was spread by the Moors and Crusaders
throughout the civilized world. At the late
fair at Stockton, California, among the prizes offered
was a S-jO dress to the unmarried lady who
made the best loaf of bread. The editor of
.the Galveston jVetr* has been shown a sweet potatoe,
the product of Texas soil, 18 inches long, 7
in diameter, and 21 in circumference. It weighs
12 pounds, and was taken from a hill with two
others, which weighed three and four pounds respectively.
It is stated in London tliE.t Mr.
Tex Broeck received the money won by Prioress
at the Czarewitch race, as much as ?00,00C,
($300,000.) His losses in England have been
comparatively very small. At the Virginia
Annual Conference, lately in session at Elizabeth
City, N. C., Rev. J. E. Edwards and Rev. Leonidas
Rosser were arraigned upon the charge of
rolling a game of ten pins at the Virginia Springs
last summer. The defendants plead guilty and '
promised to abstain from such amusements here- j
after, and the committee dropped the accusation.
LEGISLATIVE: PROCEEDINGS. I
But little was done by the Senate on Wednesday, }
the 2d. The greater part of the day was consumed
in hearing the reports of Committees and ]
in the discussion of Mr. Mordecai's Bill to re- ]
peal the laws against Usury. s
Mr. McCaw presented the Report of the Presi- ]
dent and Directors of King's Mountain Railroad \
Company; referred to Finance and Banks, i.nd to c
be printed; and also, gave notice that he will in- (
troduce a Bill to amend the law in relation to i
grants of the Cutawba Indian lands. ]
After various amendments the Bill repealing <
the usury laws was passed by the Senate. Mr. ]
McCaw voted in the affirmative. (
The following remarks by Mr. Mazyck embraces ]
the substance of the argument, which influenced
the Senate: s
"We are told that the usury laws have prevail- (
ed every where, and therefore the}' are right. If t
we respect antiquity, we must not stop at limiting
the rate of interest, but must abolish it altogcth- c
er as sinful. ?
The laws do more injury to the borrower than j
the lender. lie is compelled often to resort to all .
kiuds of expedients to procure a loan. Merchants 1
are sometimes driven to the necessity of selling s
goods at a sacrifice of 20 per cent, in order tc raise (
money. What is the consequence of the law ?? t
Conscientious men are driven from the money
mnrket, and it is in the hands of a few unscrupulous
competitors.
The laws can't be enforced. But few cases in
which usury is pleaded. The usurer does not lose
social position ; he may be called a screw. But
let a man plead usury, and he may as well rob a
Bank. lie loses caste, whilst othei-3 viola:e the t
law with impunity."
The Senate rejected the Bill providing compensation
for Commissioners of Roads, &c.
In the House, Mr. Hampton presented the petition
of the South Carolina Copper Mining Company.
Mr. Whyte gave notice of a Bill to amend
the law in relation to grants of Indian Lands.?
On the Resolutions offered by Mr. Gregg relating
to the Banks, the House had a warm discussion,
t
Mr. Gregg, Mr. Whaley and others participating.
The following Resolutions were passed in regard
to the death of Gen. James Hamilton:
Be it Resolved, 1st. That in the death of Lang- '
don Cheves, Andrew Picken9 Butler and James 1
Hamilton, the State of South Carolina has been I
called upon to mourn three of her distinguished ,
sons, each of whom in his day and generation had
performed good service not only to the State, in
which he lived but to the whole country. I
2nd. That while we express our sorrow c.t this j
public loss, and record our high appreciation of :
their private worth, we cannot but sympathise .
with each of their afflicted families in their mel- 1
ancholy bereavement. i
3rd. That the Clerks of the Senate and of the >
House of Representatives be charged with the .
duty of transmitting to the respective families of 1
the deceased statesmen, a copy of this preamble
and these resolutions. i
In the House, on Thursday, more resolutions in t
regard to the Banks were submitted by Messrs. j
Simmons and Bryan. Mr. Richardson offered a ]
resolution condemnatory of Gov. Walker's course. ]
In the Senate on Friday a Bill offered by Mr. ,
Cannon to afford and to the Spartanburg and ,
Union Railroad Company was discussed and final- j
ly sent to the House. 1
A Bill to amend the law in relation to trading j
with slaves, passed the Senate. It places more j
severe restrictions upon the illicit traffic, as it had ]
became a crying evil. A bill to make the owners j
of dogs liable for killing sheep, offered by Mr.
McAlily, was likewise passed by the Senate. ]
In the House, Mr. Black presented a petition j
of the citizens of York District, in relation to the i
opening of a new Road. The Committee to nominate
President and Directors of the Bank of the j
Stale, retained the old officers, with the exception
of Mr. Lannkait in whose stead Mr. J. II. Shkpard
was substituted. Mr. Frit man is retained as
as President. In the Hosue, Mr. Memmincjkr introduced
a Bill to establish a Normal School, in
this State.
The Legislature will adjourn on the 17th.
CHARLESTON CORRESPONDENCE.
Charleston, Dec. 7, 18o7.
The work of deepening the clmuncl on the bar
in the Charleston harbor is still going bravely on,
and is being prosecuted with a spirit and enterprise
which promises a speedy and successful
completion, and heralds the approach of the longwished-for
time when our harbor will be open to
the largest vessels that float. The present appearance
of the shipping at our crowded wharves
present an encournging aspect to the commercial
hopes and interests of our ancient and beautiful
city.
Among the recent additions to our "forest of
masts," I am pleased to notice several fine specimens
of American freighting ships, which proves
the active prosperity of the home trade, and shows
the advances we arc making in the line of mercantile
marine, and ship-building, Three of the
larger ships which have recently mnde their appearance
in our harbor, and to which my attention
has been more immediately directed, are of sufficient
tonngc and capacity to enable them to carry
four thousand bales of compressed cotton.
We have a few burglars and robbers nmong us,
but their depredations and sleight of hand tricks
have not, ns yet, been practiced as extensively ns
we anticipated, from the nntnber of "steerage
passengers" which have been thrown upon us from
the North. Some two or thm houses have been
entered lately, but the pilferers were discovered
and chased into the street, minus the much desired
plunder. An attempt or two at arson has
also been made, but without succes-, owing to the
timely discovery of the wicked deeds. Our police
force are quite active and efficient, and lascals
have to sleep with one eye open in order to escape
"being bagged."
Several pnrties were recently brought before
the U. S. District Attorney in this city, under the
charge of taking part in a proposed fillihustering
expedition which is supposed to be fitting out at
this port against Nicaragua. Among these was
the steamer Everglade, plying from this to Florida
ports. From the large number of persons taking
passage, suspicion was excited of her having been
engaged for filibustering purposes-. Upon examination,
however, the charge was not sustained by
the evidence, and the steamer was allowed to proceed
with her passengers.
Miss Avoxia Jones, the beautiful and accomplished
actress, has been drawing crowded houses
at the theatre for the past week. She has succeeded
in creating quite a sensation among the
young men, the young ladies not being altogether
so lavish in their encomiums on her beauty and
acting. She left us this morning for greener pastures
and a more genial clime, and her place on
cur boards will be filled this week, by Miss Davenport,
another favorite of the Chariest'- public.
She is neither so young or handsoiuv. as Miss
Tones, but she has more age and experience as an
ictress.
The annual winter campaign of amusements is
cow in the full tide of successful operation, and
s carrying every thing before it. Sioxor Blitz,
the renowned and distinguished juggler, necromancer
and ventriloquist, is now in the city, and
will open his curiosity shop this evening at
Hibernian Hall, where ho is engaged for a week,
ind will doubtless draw well: Our people would
rather laugh than cry, and will go where the former
desideratum is mo9t likely to be indulged,
md those whose risibles Blitz cannot reach, are
considered hopeless cases of chronic hypochondria.
The Campbell Mini.-trels are still holding forth
it Institute Hall, to large and enthusiastic audiences.
They have had a tremendous run for the
past weeek, and they are going to try their
copularity against Miss Davenport and Sir,nor
Blitz, for another week. They are hard to beat,
jut " Greek has met Greek " this time, and even
:he Campbells may find that they have met a foe
vorthy of their steel.
A special meeting of the South Carolina
Historical Society was held in the Charleston
ibrary room on Saturday last, for the purpose of
supplying members with the volume of Collections
ately published, and for the transactson of other
jusiness of a private nature. Their already large
collection of ancient documents was quite increased
by a donation of several valuable and
mportftut volumes from the Hon. Wm. Alston
JnTvort. Runnier, consisting of a Report
)? the State of the Currency in South Carolina,
London, 1737 ; A New Voyage to Georgia, Lonlon,
1742: A Description of South Carolina,
London, 1761.
This is an important Association, and deierves
the aid and encouragement of every
sitizen of South Carolina who feels an interest in
he early history of the State. The first volume
>f those collections has already been published,
ind distributed among the members. It was
irepared, printed and bound in Charleston, and is
n every respect, a South Carolina book. The
iecond volume will be forth coming in the course
>f next year, and will comprise a valnable collecion
of historic matter.
MAGNOLIA.
For the Yorkville Enquirer.
CHURCH ACTINGS AND RESULTS.
Messrs.Editors:?BethelPresbytery has excluded
he distiller and retailer from its connection. The
irst Presbytery of the Associate Reformed Church
>f the South has excluded the retailer of ardent
spirits from its communion; and a resolution, exiluding
the distiller, is now before this Prcsby:ery,
and will unquestionably be adopted as law
it its next fall-meeting. The Methodist Discipine
itself forbids dram-drinking, and by necesmry
consequence, deprives the distiller and reader
of all connection with this brcnch of
Christ's visible church. These three denominations
embrace and include the great body of professing
christians in Yor?c District. Whilst there
ire in the district several Baptist congregations,
:be writer cannot say, that more than one Pastor
)f this denomination resides within the district.
Whilst we arc unlnlormeu wtieiner :;ny one 01 |
diese Baptist congregations has taken any action j
n relation to the manufacture, vending, or use of
ntoxicating beverages, yet we take great pleasure
n saying, that we do know the Baptist minister, J
illuded to, to be an ardent and useful Son of :
Temperance, together with several of his most j
ntelligent and exemplary members.
When a Church Court acts by authority of the
frord of God, or by fair inference from that word,
the conscience of every member is bound to observe
and obey its behests. It is the voice of God |
ttimself speaking to hit people. Dare any mem- !
ber of Bethel Presbytery, of the First Presbytery !
Df the Associate Reformed 3ynod of the South, or ,
of the Methodist Church, whether officer or lay- j
man, to stand up publicly before the judicatory
to which he is amenable, and pronounce its action,
in the particular indicated, inconsistent with the
teachings of the Bible ? It is thought it may well
be assumed, that no such member, if properly
indoctrinated in revealed truth, can be found.?
We are however aware there are those " as the
horse, or as the mule, which have no understanding,"
and who are "wise in their own conceit;"
but these are the exceptions morely, which exist
in most general rules. Taking it then as established
by Holy Writ, that these churches are
r "/ , .
j manifesting the truth, and executing their incumi
bent duty in ixcluding the distiller and retailer
j from church privileges, we undertake to re-affirm
the proposition made in your last paper, that total
' adstiucnce becomes the bounden duty?the moral
j and spiritual obligation of every Presbyterian, of
| every Methodist, aud of every member of the A.
| R. denomination; and, if it be the duty of these
| christians, it must also be a like duty resting on
j all other members of Christ's church, no matter
j by what name called: for there is only one law
under like circumstances for his church, and his
church is one.
That total abstinence, and not thn " modrrale"
glass is the true principle and necessary inference
from the rightful exclusion of the distiller and
retailer, is demonstrated from the following facts
nnd the conclusion legitimately deduced from
them. Pastors of all evangelical congregations
pray publicly for the advent of the millennial
period?that happy time on earth, when "They
shall not teach every man his neighbor, and every
man his brother, saying, know the Lord: for all
shall know Him from the least to the greatest."?
Every sincere and faitLful memberjoins mentally
ill me prujrci"> ilic suuie jjciiuuu is, uuuuncsoijr,
often offered by every christian in his secret devotion.
Were the petition granted in the day and
generation of the moderate dram-drinker, where
would the moderate supply be obtained? We
may rest assured, if the distiller and retailer be
unworthy of church privileges now, they much
more will be unworthy of the millennial church.
The very prayer of this moderate dram-drinking
christian, if it avail, has dried up the fountain
from whence his moderate dram flowed. This
assuredly shows, that his prayer and his practice
are inconsistent. That the error exists in his
practice, and not in his prayer, is obvious and
indisputable. Will not this reflection induce all
moderate dram-drinkers, who arc endeavoring to
walk wisely in a perfect way, to abandon such
poor indulgence of appetite, when it can only be
indulged at so great a cost ?
If the moderate dram-drinking christian will
not forego his morning and evening glass, we beg
to ask him the question: when your Pastor next
prays in the congregation that, "The earth shall
be filled with the knowledge of the glory of the
Lord, as the waters cover the sea," can you consistently
and in sincerity and in truth unite in the
supplication? Are you sure, that you will not be
the subject of remark, in the mouths of men of
the world, unfavorable to the cause of Christ and
His kingdom ? If the least, lingering doubt of
the propriety of taking that solitary glass, harbors
in your understanding and conscience, let the reflection
come to your aid, that total abstinence is
a safe rule?that no evil can arise from it?and
the cry of the drunkard's blood can never alarm
such conscience. Illustrate in your own person,
by your daily walk and conversation, the self
denial of a christian, watchful, zealous, ana act- ;
ing for both the temporal welfare and spiritual
good of your neighbor ; which is your reasonable
duty. " Thy kingdom come; thy will bo done on
earth, as it is in heaven," will then be to you,
through grace, a becoming and consistent prayer.
EBAL GERIZIM.
washington?congress.
Congress was organized on the 7th inst. by the
election of Mr. Fitzpatrick, Senator from Alabama,
President/>ro (em of the Senate. Col. Ore
was elected Speaker of the House, on the first
ballot, receiving 128 votes. He was the choice of
the Democratic Caucus held on tae Saturday previous.
Mr. Allen, ex-member of Congress from
Illinois, was elected Clerk of the House. Col.
Clacsket of Georgia, was elected Post Master to
Congress. Mr. Stekdman of Ohio was nominated
by the Democratic Caucus on Monday night, as
Public Printer.
Of the members of the South Carolina delegation
in Congress, Senator Evans, and Messrs. Orr,
Boyce, Miles, McQueen and Keitt are at their
posts.
The following from the Carolinian gives the
supposed views of Mr. Buchanan in regard to
Gov. Walker and Kansas :
The President, while firm in his determination
I to sustain with all the moral force he can command
the action of the Kansas Convention, regards
the question very lightly as imperilling in
any manner the harmony of the Democratic
party, or as threatening any serious results.
He has so expressed himself to several members '
of Congress, who had addressed him anxiously '
on the subjoct; and he expresses great confidence
that the question will be settled with readiness
and in a spirit of mutual concession and forbearance.
This tone of confidence on the part of Mr.
Buchanan has greatly tranquilized the minds of
the members on the subject of Kansas affairs. 1
The President has expressed the opinion that
the Kansas Convention has adopted one of the |
best State Constitutions ever formed.
The Indian Bureau has despatches of the 26th j
of October from Dr. Forney, Superintendent of
Indian Affairs for Utah. He arrived at Fort La- ?
ramie three days before writing. The United
States troops arrived on the same day and left the '
next morning. Dr. Forney expected to have an 1
interview with the Snake Indians at an early date.
He states that he has been informed that a large 1
Dortion of the.Utah tribes are Mormons, and that <
Brigham Young boasts of having several tribes in
his service, ready to take up arms against the ?
United States.
]
Who Should do the Courting 1
There are different methods in different coun- '
tries, of managing this important, though sometimes
neglected "tide in the affairs of men," and
ladies too, we may add. In the new world there ,
are perhaps as few conventional restraints upon
the young, as in any civilized country. Yet, even 1
here, we have often thought the ladies unncces- '
earily restrained. On this subject we find the ,
following sensible views in an exchange, whioh we
submit to our lady readers for their endorsement, 1
and practical application:
The plnin fact is this?young ladies are sent into
society that they may be seen and married.? |
Society is a market for young girls. Marriage is
recognized as the only proper sphere of life for ,
woman; men insist upon this fact. Mothers wish
to do the best thing possible for their daughters, |
and if marriage is best, what wonder that the
poor parent exerts herself for her daughter. She '
sends her into the world; she dresses her fashionably
; she instructs her how to please ; she man- (
ceuvers, as far as public opinion will allow, to secure
for her daughter a good match. All mothers
are not successful, and season after season is
spent by the poor girl in the vain effort to gain a
band. 1
Is marriage necessary for woman's happiness ? <
If so do let her have a fair chance with man. Let 1
all things be done openly; let parents invite such i
individuals as they think suitable for their daugh- 1
ters to their own houses for the avowed purposes 1
of forming acquaintance with regard to matrimo- J
ny; let ladies not be afraid to show their prefer- 1
ences for some persons over others. Many a mod- 1
est young man would then gain a wife to whom he 1
otherwise would never dare to propose, and many t
a girl would gain a husband she loves, instead of 1
takinc in despair one to whom she is indifferent. 1
If woman had the confidence that man possesses j1
that she could be married if she chose, she would t
think less on the subject; she would be a better
daughter, a better friend, and haTe time to attend
to house-keeping duties and other things suitable
to render her a good wife.
Charge of Filmuusterism.?We lean from i
the Charleston Courier of yesterday, that an ex- | {
aminationhas been going on, for some days, be- j
fore the U. S. Commissioner, in that city, of Thos. !
J. Mackey, Esq., upon the charge of violation '
of the neutrality laws, in fitting out an expedition J s
to Nicaragua, in the service of Gen. Walker.? ' ,
Janes Conner, Esq., the District Attorney, con- j
ducted the examination on the part of the govern- :
ment, and Mr. Mackey was defended by L. W. (
Spratt, Esq. The result of the examination was '
that the defendant was bound over, in the sum of i '
$4,000, to answer at the January Term of the U. \ J
I States District Court. I j
j 5ST* The degree of LL. D., has been conferred ' J
I on Dr. Thomas Curtis of Limest ue b >rings by ,
I the Board of Trustees of 3. C. CoL-.ge. 11
V.I Uv/JkVVJu 1 V/ n li VlIVVUll.
A. M. Crietzberg, P. E.
Georgetoivn Station?D. J. Simmons,
Sampit Mission?T. Mitchell,
Sanlee Mission?A. II. Harmon, C. E. Wiggins,
Black River and Pee Dee Mission?J. W. Miller,
A. J. Evans,
Conwayboro' circuit?C. A. Chreitzberg, W. B.
Currie,
Waccamaw Mission?J. A. Minnick,
Upper Waccamaw Mission?G. K. Andrews,
Marion Station?A. G. Stacy,
Marion circuit?S. Jones, F. M. Morgan,
Black River Mission?W. L. Pegues,
Black Mingo Mission?William Carson,
Lynchburg circuit?J. H. Robinson,
Benncttsville circuit?P. F. Kistler, J. M. Cline,
Society Ilill Mission?I. P. Hughes,
Darlington circuit?G. W. M. Creighton, J. W.
Murray,
Liberty Chapel Mission?A. McCorquodalc,
COLUMBIA DISTRICT.
W. A. Gamewell, P. E.
Columbia?
Washington Street?C. II. Pritcbard,
Congaree Mission?Nicholas Talley,
Marion Street?A. II. Lester,
Columbia Circuit?D. D. Byers,
Richland Fork Mission?A. L. Smith,
Fairfield circuit?J. M. Bradley,
Winnsboro, circuit?Manning Brown,
Chesterville circuit?Miles Puckett,
Sumter Station?J. A. Porter,
Sumter circuit?Bond English,
Santce circuit?J. T. Dubose,
Upper Santee Mission?A. P. Avant,
Orangeburg circuit?P. A. M. Williams, D. A. Ogburn,
Blackville circuit?A. B. Stevens,
Barnwell circuit?E. A. Price,
Aiken?W. E. Boone,
Granileville Mission?W. W. Mood,
Lexington circuit?Martin Eaddy, one to be sup.
Wm. Martin, Agent for Columbia Female College.
S. Townsend, Agent for the Tract Society.
COKESBURY DISTRICT.
R. J. Boyd, P. E.
Cokesburg circuit?J. W. North,
Abbeville circuit?Colin Murchison, A. N. Wells,
Anderson circuit?R. P. Franks, W. S. Black,
Ninety Six circuit?W. H. Lawton,
Butler circuit?Thomas S. Daniel,
Edgefield, circuit?J. R. Pickett,
Newberry circuit?T. Raysor, W. W. Graham,
Newberry Station?C. McLeod,
Union circuit?W. A. McSwain, II. D. Moore,
Tyyer and Enoree Mission?J. Finger,
Laurens circuit?J. A. Mood, V. A. Sharpe,
Greenville Station?F. A. Mood,
Greenville circuit?J. S. Connor,
Pickenville. circuit?A. W. Walker,
Jocassee Mission?To be supplied,
Pickens circuit?J. H. Gleason,
]\'alhalla Mission?3. A. Zimmerman,
Cokesbury School?S. B. Jones, J. W. Wightman.
CHARLOTTE DISTRICT.
S H. Browse, P E.
Chailolte Station?E. J. Meynardie,
Charlotte circuit?L. M. Little, J. L. McGregor,
Concord circuit?John Watts,
Albermarle circuit?J. W. Puett,
Wadesboro' Station?F. M. Kennedy,
Wadcsboro circuit?M. A McKibben, R. R. Pegues,
Cheraw Station?L. A. Johnson,
Chesterfield circuit?E. J. Pennington,
Camden Station?H. C. Parsons,
Wateree Mission?J. L. Shuford, E. A. Lemond,
Lancaster circuit?J. W. Crider,
Catawba Mission?A. J. Cauthen,
Monroe circuit?L. Scarborough, J. W. Abernathey,
T. R. Walsh, President Carolina Female College.
SHELBY DISTRICT.
J. W. KELLY, P. E.
Spartanburg Station?W. C. Kirkland,
Spartanburg circuit?B. G. Jones, A. W. Walker,
Supernumerary.
I'acolet circuit?S. J. Ilill,
Broad River Mission?To be supplied.
Yorkville Station?0. A. Darby,
Yorkrille circuit?Landy Wood,
Shelby circuit?E. W. Thompson.
Lincolnton circuit?J. S. Ervin, one to be sup.
Catawba circuit?J. Parker,
South Mountain Mission?To be supplied,
Lenoir circuit?F. Smith,
Morganton circuit?G. W. Irey,
Tohns' River Mission?To be supplied.
McDowell circuit?J. S. Nelson,
Rutherford circuit?A. Ervin, A. R. Bennick,
Columbus circuit?M. A. Connelly,
IV. M. Wightman, President Wofford College,
IVhitefoord Smith, Professor of Wofford College.
Charles Taylor, President of Spa-.anburg Female
College.
loseph Cross, Professor Spartanburg Female College.
[T \f Mnnrl Presiilpnt of Davpnnnrt Female Col
lege.
S. H. Durant, Agent Spartanburg F. College.
Albert M. Shipp, Professor University of N. C.
Grand Loner: or Ancient Free Masons of
3outh Carolina.?At the annual communication
of the Most Worshipful Grand Lodge of Ancient
Free Masons of South Carolina, held on Tuesday
evening, 1st inst., the following brethren were
elected Grand Officers for the ensuing Masonic
year:
M.'.W.'.Bro. Henry iJuist, of Charleston, Grand
Master.
R.\W.\Bro.\B. Buik Campbell, of Laurens.
Deputy Grand Master.
V.\W.\Bro.\A. Rc iosay, of Edgefield, Senior
Srand Warden.
V.\W.\Bro.\lI. W Schroder, of Charleston,
Junior Grand Warden.
M.\Rev.\Bro.\Ben.. Johnson, of Abbeville
3rand Chaplaiu.
W.-.Bro.'.John H. Honour, of Charleston, Grand
Treasurer.
W.-.Bro.-.Albert G. Mackey, M. D., of Charles;on,
Grand Secretary.
Charleston Courier.
The Columbia Races.?The Post Stake, four
nile heat, on Saturday last, closed the meeting
>ver the Congaree Course. The attendance was
nuch more numerous than on any day during the
veek. The ladies pavilion presented an array of
jeauty, loveliness, and fashion, charming to belold.
The contestants were Sue Washington and
Nicholas /; the latter greatly the favorite. The
ivant of variety in the contest, dispenses with the
lecessity of a detailed report. Sue took the lead,
it the tap of the drum, and it was soon evident
hat Nicholas was not in condition to put her to
ler speed. She won both heats quite at her ease,
ind in the second beat, from a mistake of
Nicholas' rider in pulling him up at the end of
hree miles she distanced him.?Carolina Times.
the usurt law.
The Charleston Evening News says the followng
is a copy of the Bill repealing the Usury Laws,
ntroduced by Mr. Mordecai, which passed the
- ? J ,i:__ T. ~:ii Kn
senate onus secuuuicumujj, u nm piuuauy uv .
idopted by the House and without amendment,
is it is the only form in 'which the Senate will asient
to a repeal of the Usury Laws. It is looked
ipon as a step forward in the right direction:
Sec. 1. Be it enacted by the Sentteand House
sf Representatives now met and sitting in General
Assembly, and by the authority of the same, That
the following Acts be and the same are hereby repealed,
namely: An Act, entitled ''An Act, against
excessive Usury," passed 13th day of February,
1719; An Act, entitled *'An Act against
excessive Usury," passed the 15th day of September,
one thousand seven hundred and twentyone
; An Act, entitled "An Act for reducing of interest
from ten to eight by the hundred," passed
S. C. CONFERENCE.
The South Carolina Conference of the Methodist
Episcopal Church, recently in session at Charlotte,
adjourned on Thursday evening last, after a harmonious
session of nine days. The next Conference
will meet at Charleston. We subjoin a list of
the appointments for the ensuing year:
CHARLESTON DISTRICT.
W. P. Mouzon, P. E.
Charleston?Cumberland?James Stacy,
" Trim'!/?J. T. Wightman,
" Bethel?W. II. Plemming,
" St. James?W. A. Hemingway,
Cooper River circuit?W. W. Jones, J. E. Frippe,
Cooper River Mission?Q. W. Moore,
Cypress circuit? Daniel May,
St. Andrew's Mission?To be supplied.
St. George and St. Paul's Mission?A. Nettles,
St. George's circuit?H. T. Kilgo,
Bamlurg circuit?H. A. C. Walker,
Walterboro' circuit?D. W. Seale, one to be sup.
Pon Pan Mission?W. A. Clarke,
Ashepoo Mission?F. Rush,
Combahce Missions?M. L. Banks, E. G. Gage,
Allendale circuit?William Crook,
Black Swamp circuit?L. M. Hamer, W. C. Power,
Blujfton Mission?S. Leard,
Savannah River Mission?J. D. W. Crook, Richard
Dagnall,
Prince William's Mission?J. T. ITutto,
Beaufort Mission?J. R. Coburn,
Edisto and Jchossc Mission?C. Wilson.
PTADnrTAWXT riTDnTTTT
I the twenty-first Jay of June, one thousand seven
hundred and forty-eight; An Act, entitled "An
! Act for the reduction of interest from eight to
seven pounds for each hundred pounds," passed
i the second day of January, one thousand seven
hundred and seventy-seven; and An Act, entitled
j "An Act to alter and amend the laws in relation to
interest and usury," ratified the eighteenth day of
December, in the year of our Lord one thousand
eight hundred and thirty.
Sec. 2. That every person lending, advancing
j or forbearing the payment of money or other comj
raodity upon any agreement, contract or security,
shall be allowed to recover at law in all cases
whatsoever, the amount or value actually loaned,
advanced or forborne, with such rate of interest
thereon as the borrower shall have contracted to
pay, and enter judgment and execution accordingly.
Provided, that after judgment the principal
sum of the amount recovered shall in all cases
bear interest at the rate of seven per cent, per annum.
1
Sec. 3. In all cases of debts now subsisting, "r '
hereafter to arise, on which interest is recoverable
by law, where there is no agreement in writing
signed by the debtor, or his agent for the
payment of interest at any other rate, interest
shall be computed and allowed at the rate of sev
en percent, per annum.
Sec. 4. That nothing herein contained shall be
construed or understood to authorize any incorporated
Bank to make loans or discounts at any
higher rate of intesest than allowed by the charter
of such Bank.
Sec. 5. That this Act shall not take effect until
the first day of January, one thousand eight
hundred and fifty-nine.
Remark* of Mr. W. Whaley on the Bank
Question, In Committee of the Whole
House, Mr. Sullivan In the Chair, December
?, 1857.
Mr. Whaley began by saying, that to speak against
nny established institution, particularly
when they were backed by a monied influence,
was an up-hill business; but when he looked
around and viewed the condition of things, and
fully believing that we were on the eve of a great
monied convulsion, he deemed it his uuty to use
all his energy, and help, if possible, to stay the
tide that was fast swelling upon us. He had the
honor, a few days ago, of offering certain resolutions
on the banking system, which were now upon
the desk; but from the rapidity with which
this debate had progressed, he could not discuss
them now. He would therefore proceed to discuss
the bill offered by his colleague, the Chairman of
the Committee of Ways and Means, and in conclusion,
would offer an amendment to the bill, and
would move its adoption as a substitute. Before
doing this, he would consider, 1st. What was the
condition of our currency. Our currency is a
mixed one. consisting of a trreat deal of naner and
a very little coin. So great was the preponderance
of the former that, it had in a great measure
ceased to be a representative of the latter,
but had become a substitute. He knew no better
way of bringing this question more fully before
the House, than by showing from a brief history
of paper currency in America. Sir, even while we
were colonists, and as early as 1G90, paper money
was issued in this country; and to afford a plausible,
if not a sufficient security for its redemption,
the property and revenues of the colonies were
pledged. These bills of credits were first issued
in Massachusetts, and the other colonies were not
slow in following an example convenient for present
exigencies, though disastrous in its results.
These bills of credit soon began to depreciate,
notwithstanding the colonial pledges, and introduced
into the counry that pernicious variety of
currency??. <., the difference in value between
specie and paper money. At first, the depreciation
was trifling, but when a fresh issue of from
two three millions of pounds were added to the
circulation, the depreciation was very rapid, and
would have ended in total loss but for a fortuitous
circumstance entirely independent of the
property and revenues which were pledged for
their redemption. Great Britain ceded Louisburg
to France, and paid the colonies ?183,000, on account
of the expenses they had incurred for the
Louisburg expedition, with which they compounded
these bills of credit, at the rate of two shillings
in the pound. Such was our first attempt at substituting
paper money for coin, and such was its
results nver-issiie and dnnreriatinn. loss of rani.
~? "t "I ? ? ?" "*f
tal and depression of business.
The war of the Revolution gave rise to the second
issuing of bills of credit. In 1775, by Act
of Congress, bills to tho amount of $3,000,000.?
They depended upon the credit of the country,
and had no metalic batis. Though Congress enacted
"that they should be a tender of payment
as to all private debts, and declared a refusal to
receive them an extinguishment of the debt itself;"
notwithstanding, this act of tyranny, large sums
were added to the provincial issues; the depreciation
began to be sensibly felt in 1777, and increased
with additional issues; so rapid was the increase
of issues that in 1779, only four years
from their first issue, they amounted to $160,000000,
and such was the tendency of this paper
money to go on increasing, that Congress declared
that they should not exceed $200,000,000, to
which limit they amounted during the year. This
sum was too large to admit of a redemption at par,
or rather there was no real money to redeem them
with, so, in '80 and '81, these bills ceased circulating,
and have never been redeemed. A few,
indeed, were funded by Congress, at the rate of
one hundred for one. Such was our second attempt
to substitute paper money for coin, and
such its results; over issue and depreciation, loss
of capital and depression of business.
The next was the Bank of North America,
which went into" operation in 1781, under the
charge of Mr. Robert Morris. It was not a chartered
institution, but was instituted by an order
of the confederation, to meet the necessity of &
circulating medium. Our present banking system
may be said to have begun with this institution.
From its limited capital it failed to furnish a circulating
medium for the Republic, and severe' of
the States again resorted to issuing bills of credit.
In 1784, this bank did a very extensive business,
and by the beginning of next year, the effects of
its operations began to be apparent. They were
such as banking operations always are?produducing
a temporary plentifuluess of money, followed
by great scarcity, usury, ruin to the many,
and riches to the few. In less than four years
from its birth, the people became alarmed, and
took away its charter. The bank, however, continued
to do business, and after several unsuccessful
efforts, finally was rechartered, thus showing
what great power banks have over the people.
The first bank of the United States, in its corporate
form, Wwu: into operatiou in 1794. The
charter expirea in ten, ana me nans went into
liquidation. It was rechartered in 18.16, and expired
in 1836, at which time it was estimated that
the bank possessed a surplus of over $43,000,000.
The same bank was chartered by Pennsylvania as
the Bank of the United States of Pennsylvania,
and all of the stocks and assets transferred in
1836, and became bankrupt in 1841, sinking in
the short period of five years nearly the enormous
sum of ninety milliona of dollars, spreading ruin and
desolation in every state?widows, orphans, churches
and charitable societies all engulphed in the
common ruin.
Mr. Wbaley, after reviewing the history of the
banks in South Carolina, said that the examples
furnished by history, if we are inclined to profit
by past experience actually occnring in our own
country, ought to warn us as to the future. But
it is not to the experience of our country alone,
but of the civilized world, which we have to guide
us. John Law's Mississippi scheme in France.
The Assignats of the Empire, and the Credit Mobilier
of to-day. The South Sea Bubble in England,
the history of the present Bank of England,
its suspensions and support derived from the government.
All the banks ever chartered in America,
from the first down to the wi'.J cat banks of
the present day, all show that a paper currency
will tend to over-issue, and to depreciation, loss
of capital and loss of business, and the intellectual
and moral depravity.
I shall now, Mr. Chairman, consider the first
nrnn.isition contained in mv Dronosed amendment.
which was to make the banks, in case of suspension,
liable to bill-holders, as in case of other
creditors. Banks are chartered by the L. gislature.
By their charters they receive certain privileges,
and are relieved from certain liabilities, to
which they are not entitled as private individuals.
Let us see, Mr. Chairman, what these privileges
are. They are endowed with one, if not the most
important prerogatives of government?the exclusive
right of coining money out of paper. They
have the power of issuing their bills ad libitum,
and they pay no interest to their creditors, while
they exact interest from their debtors. They are
exempt from liabilities, to which individuals are
subjected. If a man fails, his whole fortune is
liable for his debts, and if that will not satisfy, his
body is imprisoned. If the bank fail, the stockholders
are only liable to twice the amount of their
stock, and the community looses. Sir, why is this
inequality? It is not republican. It creates &
monopoly to enrich the few at the cost of the many.
This combination of capital is ruinous to natural
wealth. It destroys all competition, and absorbs
the entire floating capital of the country, and places
it in the hands of the few. These privileges
are dangerous because they are not moral. The action
of a board of directors have not that moral
responsibility which is thrown by conscience around
one man.
It has been said "that corporations have neither
bodies to be kicked nor souls to be damned," and
they never die. Time may relieve us of a bad and